Featured Listings
Listing ID202312044
Price$1,249,500$46K
StatusPending
Bedrooms13
Total Baths10
Full Baths10
Acres
0.140
CountyAlbany
Year Built1929
Property TypeMulti Family
Property Sub TypeMulti Family
This two building (287 Myrtle & 34-36 Sparkill Ave ) 10-unit portfolio offers a great opportunity for investors. These units are all in excellent condition, most with new appliances, renovated bathrooms and kitchens. Most units have hardwood floors with the majority having been recently refinished. The buildings are well maintained and offer a secure and high quality living environment. Most units have new windows for heat efficiency, Brand new laundry with 2 new coin operated machines in each building. Excellent long-term tenants and great location walkable to hospitals and schools. Nothing left to do here but collect rent and enjoy an 8.8% cap rate which is almost unheard of in this market.
County
Albany
Price Before Reduction
1295000
Price Reduction Date
2023-04-06T19:19:51+00:00
Property Sub Type
Multi Family
Property Type
Multi Family
Year Built
1929
Bath Levels Full Bath 1
1st
Bath Levels Full Bath 2
2nd
Bath Levels Full Bath 3
1st
Bath Levels Full Bath 4
2nd
Bathrooms Total Decimal
10
Cooling
no
Heating YN
yes
Unit Information Number Of Refrigerators
10
Unit Information Number Of Stoves
10
Construction Materials Brick
1
Construction Materials Wood Siding
1
Exterior Features None37
1
Lot Size Area
0.14
Lot Size Units
Acres
Roof Asphalt
1
Roof Flat
1
Sewer Public Sewer
1
Unit 2 Owner Furnish Features Sewer
1
Water Source Public
1
Directions
Just off Southern Blvd, Corner of McCalpin and Sparkill Ave.
Directions Public Remarks
This two building (287 Myrtle & 34-36 Sparkill Ave ) 10-unit portfolio offers a great opportunity for investors. These units are all in excellent condition, most with new appliances, renovated bathrooms and kitchens. Most units have hardwood floors with the majority having been recently refinished. The buildings are well maintained and offer a secure and high quality living environment. Most units have new windows for heat efficiency, Brand new laundry with 2 new coin operated machines in each building. Excellent long-term tenants and great location walkable to hospitals and schools. Nothing left to do here but collect rent and enjoy an 8.8% cap rate which is almost unheard of in this market.
Directions Remarks
Just off Southern Blvd, Corner of McCalpin and Sparkill Ave.
High School
Albany
Location City Town (Mail)
Albany
Postal City
Albany
Property Detail Waterfront
no
Similar Listings
Contact - Listing ID 202312044
Orson Klender
Data services provided by IDX Broker
